Tagged: Fannie Mae

Fannie, Freddie execs ‘splainin’

Former executives from Fannie Mae and Freddie Mac, the goverment agencies whose mortage-loans holdings helped sink the economy, testified before the Congressional commission looking into the financial meltdown.  Mark Williams, who teaches finance at the BU School of Management and is author of  ”Uncontrolled Risk” about the fall of Lehman Brothers, says both agencies may have outlived […]

Remake Fannie & Freddie?

It’s reported that an overhaul of mortgage giants Fannie Mae and Freddie Mac may be in the works.  The Obama administration’s plan would be to strip them of billions in troubled loans and build a new structure to support the home-loan market.  Robert Bench, a former deputy Controller of the Currency, now a senior fellow at the […]

Bonuses for Fannie Mae, Freddie Mac “nauseous”

School of Management Professor James Post, an expert on corporate governance and business ethics, says the $210 million in retention bonuses for employees of bailed-out Fannie Mae and Freddie Mac are inappropriate under the economic circumstances. “The news of retention bonuses at Fannie and Freddie gives me the same nauseous feeling I felt when looking at […]